Lekki Phase 1: Nigeria’s Real Estate Investment Hotspot

March 13, 2024

The average price of a plot of land in Lekki Phase 1 was 235 million naira as of March 2023, and the average price of a plot of land in the same neighbourhood is 650 million naira as of March 2024. That is a 176.6% increase in 2 months, indicating how much Lekki Phase 1 has exemplified its journey in real estate investments.

Lekki Phase 1 is the neighbourhood that everyone wants a piece of, whether you are a new investor, a couple that wants to start their family or a business owner who wants to see their business transcend. Lekki Phase 1 seems to be the perfect neighbourhood for both residential and commercial real estate.

Located on the southeastern part of Lagos, surrounded by Lagos Lagoon and the Atlantic Ocean, Lekki Phase 1 used to be a shantytown in the 1990s. It has experienced significant urban growth and developments over the years, making it one of the premium neighbourhoods in Lagos.

But what makes Lekki Phase 1 capture investor interest in recent times? It could be because the real estate market in Lekki Phase 1 has been booming, with various real estate developers investing in lands, modern construction, and luxurious properties. Take, for example, Orange Island, located in Lekki Phase 1. There is a new wave of interest that has risen for the development, which could be as a result of the major road that has been fabricated towards the new development or for the fact that new investors have observed the compound gain early adopters have experienced, so they want to have a piece.

The demand for properties in Lekki Phase 1 is also a result of its proximity to major locations. It takes just 1 minute to commute from Lekki Phase 1 to Ikoyi, 3 minutes to Victoria Island, and also 1 minute to Elegushi Beach. Not to forget the quality infrastructure and standardised security. This is why a very good number of Nigerian celebrities and affluent people are making this neighbourhood their homes; people like Don Jazzy and Timaya.

Do not doubt the fact that it’s a win-win situation for you if you can invest in lands in Lekki Phase 1. There are quality lands that will suit your investment goal, whether you need a commercial plot to invest in. Lekki Phase 1 is known to push sales and productivity as it is known for its high foot traffic, or you need a residential plot. Lekki Phase 1 is recognized for its high level of security within and outside the gated estates in the neighbourhood.

So, if you want to invest in lands in Lekki Phase 1, do contact us and let us make land ownership easy for you.

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